Taxation of Trusts

TRUSTS 1. Minnow Pty Ltd is an Australian resident company that is trustee of a discretionary trust. During the 2017/18 income year the trust estate derived $100,000 of interest income from Australian sources and $100,000 of rental income from foreign sources. On 30 June 2018 the directors of the company resolved to distribute one-fifth of the income of the trust estate to each of: Ginger (a 30 year old Australian resident), Thurston (a 90 year old foreign resident), Mary-ann (a 16 year old Australian resident), and F Co (a company resident in Fiji). No resolution was made in respect of the balance income. Advise how the net income of the trust estate is taxed.